RE: HIVE Inflation | Is it too high? | Part 2

I see the problem with reducing the inflation to authors in the continued decentralization over time. Halving it essentially means that those with stake now will have a large gap over anyone participating. I am skeptical at this point that the inflation is stopping prices from increasing. I think there is more value in the continued decentralization than in the tweaking of inflation. SMTs do offer a future solution that might work around this, but it is hard to say if they will be viable as a replacement, unless one of the SMTs replaces HIVE altogether and HIVE is used solely for staking returns.